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Social cryptocurrency platform Friend.tech has rebounded 23% in the last 24 hours after last week’s token launch and version 2 (V2) of the platform did not go as planned.
Last week Friend.tech The community was in an uproar.. The airdrop of FRIEND tokens was anything but smooth. Users reported that the billing process was buggy and that some of the new features introduced in V2 did not work.
Many people who were able to claim their tokens appeared to immediately sell them, with the price of FRIEND plummeting 46% from $2.78 to $1.49 in less than four hours. CoinGecko.
Since then, Friend.tech has risen about 60% to $2.38. In part, the community believes this is simply because people who farmed the airdrops immediately sold them and left the market. However, the SocialFi platform has also brought many changes to the platform. The joy of community.
In the future, Friend.tech will begin offering a portion of the protocol fee to club presidents, a new feature in V2. This project also Added new price curve option Join a club to encourage the formation of larger clubs.
Friend.tech also allows any developer to build on top of its platform using: base contract. This has already led to the Pump.fun spinoff from Friend.tech. Friend Trade. It is worth noting that the Friend.tech team will not audit these products built on cryptocurrency social media games.
In the 12 hours since the announcement, FRIEND has jumped to double digits amid a broader rally for the token. After last week’s troublesome launch, Friend.tech fans can breathe a sigh of relief.
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